Because legal action can be quite expensive, it is often the last resort creditors take to recover what is owed to them. Typically, creditors are willing to negotiate payment arrangements first. If you have outstanding payments, it is important you talk to your creditors and see if legal action can be avoided. If your creditors decide go to court, being prepared for the consequences is vital.
Types of legal action include:
- Asset Seizure/Repossession
- Bank Account Seizure
- Wage Garnishee
Unsure where your debt stands?
Various legal actions can ensure to collect debts, which can negatively impact your life. If you think you are at risk, contact us today. We’ll go through the different types of legal action and help you make sense of your financial situation so you can avoid this from happening to you.
Thank you very much for all your help and giving us pointers.Marguerite and Jeff